Keefe, Bruyette & Woods set a $121.00 price target on Infinity Property and Casualty (NASDAQ:IPCC) in a research note issued to investors on Tuesday. The brokerage currently has a hold rating on the insurance provider’s stock.

IPCC has been the subject of a number of other reports. Zacks Investment Research upgraded Infinity Property and Casualty from a hold rating to a strong-buy rating and set a $119.00 price target for the company in a report on Friday, January 12th. BidaskClub downgraded Infinity Property and Casualty from a sell rating to a strong sell rating in a report on Saturday, January 6th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $115.00.

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Infinity Property and Casualty (NASDAQ IPCC) opened at $121.90 on Tuesday. Infinity Property and Casualty has a 52-week low of $83.00 and a 52-week high of $122.19. The stock has a market capitalization of $1,254.05, a P/E ratio of 29.66, a price-to-earnings-growth ratio of 2.15 and a beta of 0.79. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.49 and a quick ratio of 0.48.

Several hedge funds and other institutional investors have recently modified their holdings of the company. MetLife Investment Advisors LLC bought a new stake in shares of Infinity Property and Casualty in the 4th quarter valued at approximately $490,000. Millennium Management LLC increased its holdings in shares of Infinity Property and Casualty by 1,559.2% in the 4th quarter. Millennium Management LLC now owns 243,377 shares of the insurance provider’s stock valued at $25,798,000 after acquiring an additional 228,709 shares during the last quarter. Wolverine Trading LLC bought a new stake in shares of Infinity Property and Casualty in the 4th quarter valued at approximately $349,000. Two Sigma Investments LP bought a new stake in shares of Infinity Property and Casualty in the 4th quarter valued at approximately $1,447,000. Finally, Stone Ridge Asset Management LLC bought a new stake in shares of Infinity Property and Casualty in the 4th quarter valued at approximately $479,000. Institutional investors and hedge funds own 92.90% of the company’s stock.

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